Lawrence Stephens completes £6.5M transaction for SBIUK

Posted on: December 13th, 2022 by Natasha Cox

Lawrence Stephen’s Real Estate Finance and Banking teams acted on behalf State Bank of India UK Ltd (SBIUK) on the completion of a £6.5m loan to finance the acquisition of a mixed use property portfolio.

The Banking team was led by Ajoy Bose-Mallick, Head of Banking, with support from Rhiannon Hughes, and Andreas Panteli, Director in Real Estate Finance, who led on the property aspects, and was assisted by Stavros Theophilou and Sona Shah. The team worked efficiently to ensure the complexities of the case were dealt with seamlessly, and to ensure the transaction was completed within the tight deadline.

The team managed the complex deal structure with final changes agreed just 48 hours before completion, and all parties pulled together to meet the completion date. On the day of completion, Andreas Panteli was able to work closely with SBIUK in their offices to ensure the transaction was completed on time.

Gregory Palos, Head of Real Estate Finance at LS comments: “The completion of this complex deal within the tight deadline is evidence of the capabilities of our Real Estate Finance and Banking teams. Working with us the team at SBIUK played a pivotal role in getting this deal across the line. It is always a pleasure working with SBIUK”.

Ajoy Bose-Mallick, Head of Banking at LS comments: “It was phenomenal to see the Lawrence Stephens team come together and work seamlessly with the credit team at SBIUK to ensure a successful completion under challenging time constraints. What became clear is that regardless of the additional complexities, the bank’s willingness combined with our cohesive team efforts meant a successful completion for SBIUK”.

Abhishek Sahay, Chief Business Officer SBIUK comments: “SBIUK is always striving to deliver value for its customers and other stakeholders. It was a good experience to see SBIUK and LS come together and ensure that this transaction was completed on time. With transactions such as these which have tight deadlines, it is vital for us to have a law firm who is responsive and can efficiently ensure that we meet the client’s deadlines. We are looking forward to continue serving our customers efficiently in this space.”

Lawrence Stephens completes acquisition for Ansor Group

Posted on: October 20th, 2022 by Natasha Cox

Lawrence Stephens’ Corporate and Commercial team has completed another significant acquisition for one of the portfolio companies that make up the Ansor Group, with the acquisition of Cunnington Clark by Efficient Building Solutions.

The amalgamated team will become QODA’s (a subsidiary of Efficient Building Solutions) new Peterborough office, providing mechanical, electrical, and public health design services. The integration of the Cunnington Clark team will allow for collaboration across Cambridge, London, and Norwich; and ultimately strengthen the QODA offering in the Eastern region.

The Lawrence Stephens team, led by Senior Associate Katherine Zangana, with assistance from trainee solicitor Isobel Moran, acted for the Ansor portfolio company, Efficient Building Solutions in this transaction.

Katherine Zangana, Senior Associate in the Corporate and Commercial team comments on the deal: “We have a strategic process in place when it comes to getting acquisitions across the line for Ansor Group. The acquisition of Cunnington Clark was no exception, as we turned the deal around quickly and seamlessly. We are very pleased to act on behalf of Ansor’s continued expansion”. 

Lawrence Stephens’ Completes Two Acquisition for Ansor Group

Posted on: September 27th, 2022 by Natasha Cox

Lawrence Stephens’ Corporate team has completed two further acquisitions for Ansor Group’s portfolio company, Amalgamated Laboratory Solutions (ALS), with the acquisition of its first London laboratory, Ken Poland Dental Studio, and that of Kent-based, Veus Dental Laboratory.

Ken Poland Dental Studio is situated in the heart of London’s West End in the Harley Street area and the acquisition is a milestone for ALS as it focuses on the Capital’s talent and innovation. Likewise, the acquisition of Veus Dental Laboratory lends itself to Ansor’s quest for talent and innovation as the laboratory, led by Dr Manmit Matharu, was created to bridge the gap between Dentist and Technician.

The team led by Senior Director, Steven Bernstein with assistance from Senior Associate, Katherine Zangana acted on behalf of ALS on both deals, making swift progress in every stage towards completion. The result is a significant contribution to Ansor’s overall expansion plan in the dental solutions space.

Steven Bernstein, Senior Director in the Corporate and Commercial team comments on the deals: “These completions came during a wave of multiple Ansor acquisitions that we acted on in Q2, but they hold particular significance for the growing business, with ALS acquiring its first laboratory in London, as well as the first laboratory that is run and owned by a dentist. We were delighted to have completed these transactions and look forward to Ansor continuing to expand its portfolio”.

Lawrence Stephens completes £4.1M transaction for Monument Bank Limited

Posted on: September 14th, 2022 by Natasha Cox

Lawrence Stephens completes a loan for Monument Bank Limited for the sum of £4.1M, secured over a portfolio of 8 properties. The completion was significant in terms of the nature and composition of the properties involved.

The Real Estate Finance team, led by Director Nisha Saigal, with support from Solicitors Christina Ioannou and Sona Shah, and Real Estate support from Senior Associate Angela McCarthy, acted on behalf of Monument Bank Ltd to ensure the transaction was delivered efficiently and ahead of the deadline.

Nisha Saigal, Director in the Real Estate Finance team comments on the deal: “It’s always a pleasure working with the brilliantly responsive team at Monument. Their willingness and drive to complete the deal helped us to get this transaction over the line. It was a real team effort and an excellent opportunity to cement our existing relationship with the Monument team”.

Lawrence Stephens completes another two acquisitions for Ansor Group

Posted on: September 14th, 2022 by Natasha Cox

Lawrence Stephens’ Corporate & Commercial department has completed another two major acquisitions for two of the portfolio companies that make up the Ansor Group with the acquisition of Tennals Fire & Security by Compliance Group, and Procure4 by 4C Procurement.

Each are significant acquisitions and will broaden the range of services provided by the Ansor Group through its portfolio companies. Tennals Fire and Security is one of the largest fire safety services companies in the UK and the acquisition has broadly expanded Compliance Group’s range of protection services. The rapid growth of 4C Procurement is enhanced by its recent acquisition of the international supply chain management consultancy, Procure4.

The Lawrence Stephens team, led by Senior Director, Steven Bernstein and assisted by Senior Associate Katherine Zangana, acted for the Ansor portfolio companies in these acquisitions.

Steven Bernstein, Senior Director at Lawrence Stephens comments on the deals: “We have completed a significant number of acquisitions for Ansor Group in the last two years, and we still prioritise every single one. We are just as thrilled to act for the portfolio companies that make up the Ansor Group on the 50th purchase as we were when the first acquisition came in, and we share the Group’s excitement when it comes to its growth plans”.

Lawrence Stephens completes two acquisitions for Ansor Group

Posted on: September 14th, 2022 by Natasha Cox

Lawrence Stephens’ Corporate & Commercial department has completed another two acquisitions for Ansor Group, including the acquisition of dental laboratories, Romak Denture Centre and Precedental, which have joined ALS Dental Group in its rapid expansion.

Both Romak and Precedental will contribute to the prominence of ALS Dental Group in terms of capacity and technological solution. Romak Denture Centre has built up an impressive client list of over 200 dentists, and has recently invested in 3-D printing technology as an innovation in their manufacturing capabilities. Precedental recently acquired industry leading equipment including digital production solutions.

The Lawrence Stephens team, led by Senior Director Steven Bernstein, and assisted by Senior Associate Katherine Zangana, completed the transactions seamlessly and efficiently. The two significant acquisitions have contributed to ALS Dental Group’s commitment to growth and strengthen Ansor Group’s expansion in this sector.

Katherine Zangana, Senior Associate at Lawrence Stephens comments on the deals: “We have adopted an efficient system for Ansor that works well, so it’s a pretty well-oiled machine now. Working with such a responsive and efficient client certainly helps get transactions across the line and is demonstrative of Ansor’s desire to close the deals on its acquisition pipeline”.